U.S. Futures Erase Losses After Headlines #Futures #CIFUS #Oil

U.S. futures erase losses after headlines.  Futures erased losses and turned positive after headlines crossed that the Trump administration would rely on the Committee on Foreign Investment in the United States (CIFUS) to address issues of foreign investment instead of adopting stricter policies.  In economic data, May durable goods fell 0.6%, while core capital goods fell 0.2%.  The trade deficit fell to -$64.8B, below estimates of -$68.8B.  Later this morning the market will get a look at pending home sales from May and crude and gasoline inventories from last week.  European shares are higher, rising with U.S. markets after foreign investment headlines.  Asian shares closed lower with Chinese markets lagging

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